Chart of the Week: The Fiscal Picture in China, 2020
By Yinan Zhang China has implemented a large fiscal stimulus in 2020 to counter the negative economic impact of COVID-19. Up to September 2020, the fiscal support amounted to $707 billion (roughly 4.8 trillion renminbi) through spending and revenue measures (above-the-line (ATL) measures) and another $198 billion in liquidity support. The health-sector related spending accounts […]